Market Condition in Real Estate: Hot and Cold Market

People who are not in the real estate business sometimes overlook the state of the market when they decide to sell their properties. Whether one is selling their house or looking to refinance their mortgage, having the knowledge of the housing market during the time one decide to sell is essential.

Hot and cold market condition for real estate business

Although home sellers have gained the information of the value of their property through appraisals, in many cases, the prices may not reflect the current market “temperature”.

Knowing how the market is faring won’t just help sell your house faster, if the timing of the market is right, sellers may close the deal higher than their asking price. The opposite applies.

What does “hot market” mean?

The temperature of the market is referred to as “hot” according to several factors, generally indicates a big demand of housing. Hot market is also known as “seller’s market”. Some of the basic defining notions of a seller’s market are as follows:

Inventory is low compared to previous months or years

Inventory is considered “low” when there are a significantly higher numbers in demands compared to the number of houses available in the market, resulting in a high number of closed sales.

The real estate market in a certain or in multiple areas is considered hot when there are higher demands compared to inventory compared to 3 to 6 months, or years past.

More demand than inventory

Although inventory remains high, demands or offers may start to come in and more houses in MLS (Multiple Listing Service) start to go into “pending” status.

In a hot market, buyers are sometimes willing to accept flaws in the house. Affixed fixtures to the house such as minor leaky roofs or faulty faucets may be overlooked during the time where houses are high in demand.

Because of this, sellers are often able to sell a house “as it is” without making improvements to the house.

Increase in median sale prices

Listings in MLS are closed quicker compared to the average time during the previous 3 to 6 months, or years. Homes sell faster, and often, the number of DOM (Days on Market) for listings are fewer.

What does “cold market” mean?

Cold market is the opposite of hot market or seller’s market, whereas there are more houses to sell compared to the demand of houses. This is also referred to as “buyer’s market”.

During the time when the real estate market is cold, it’s obviously an advantageous time for people to buy a property.

Inventory is high

During buyer’s market, inventory is higher compared to the previous 3 to 6 months or years. Listings typically have longer active periods. Several listings may have already expired and therefore it may take some research to know whether one or several listings have been withdrawn or expired before they are put again on the market.

Fewer buyers are purchasing

Pending statuses may get cancelled out, or a listing may go into the pending status longer.

There are typically fewer buyers compared to the number of house available for sale, resulting in more options for home buyers. Sometimes, an indication of a cold market is that real estate ads can be seen everywhere.

Median sale prices are declining

Buyers have the privilege to chose during the time the market is cold, therefore, this results in a decrease in price because there are more competition than demands. Deals are often closed on a lower price compared to the listing’s asking price.

The Lightweight Hammock Camping Is Really a Women-Friendly Thing

Both teenage girls and adult women will usually carry many things related to their needs during the trip. They can be many things that you will never thought before. But, when it comes to travel for camping, the lightweight hammock seems to be the best option they could get.

The lightweight hammock camping is women friendly

It will really women-friendly especially related to the weight that they should be carried. I am not intending to underestimate them, but I am pretty sure that many of the women won’t carry too much in their bag because of its weight. Yet, many of them are still bringing their own make-up accessories.

I am sorry for telling you this, but the ability of carrying heavy loads is still surpassed by men.

That is why, the lightweight hammock camping is not only women-friendly, but also a perfect choice for women who want to camping or providing their own “sleeping room” while traveling.

Another interesting thing about why we also love the lightweight hammock is, it encourages us, men and women, to not only simply for camping, but be brave for getting at outside. It can be our own perfect getaway for some cases.

For most of us, confining ourselves at home is not an option to enjoy life. You need to be somewhere else. To be at a new place that is fresh and soothes you. And I believe that those can be started with the lightweight hammock camping.

The more lighter of the hammock, the better.

Even though a hammock isn’t perfect, it’s worth saying that there will be a lot of luxurious that we get when using it as our hanging bed.

Most of the hammocks, for example the single and the double parachute hammock’s size, each of their weighs will only for around hundreds of grams. I have never found that it will reaches one kilogram, but usually around maybe 400 gr to 800 gr. Surely it will only for the parachute hammock and its 2 hooks.

And I think that it is pretty light even for the women, you may agree with me in this, don’t you?

I have never imagined before that there will one of the traveling tool that we have known have more of advantages and its genius developers were also thinking about the various aspects of human weakness, especially to reduce the weight of our trip. Isn’t it the thing we should be grateful for?

Now, if you are a woman or the nerd teenagers, most of us are deserved to experience the great adventures we have been dreaming of. It all will start with only the decision of getting our own lightweight hammock camping at the nearest available shops or directly through its manufacturer official site.

I hope someone will bring you the lightweight hammock as a gift someday for your camping, that will really the nice one. But if you have waited too long and seems not to be coming true, you’d better calculate your savings as quickly as possible.

The hammock’s price may not as expensive as you imagined, anyway! You can easily found it under $100. Happy shopping, gals!

Why Kitchen is a Home Upgrade that Should Take Priority

If you’re looking to upgrade your home, whether for your everyday living to increase the value of your property, kitchen may have crossed your mind at one point or another. Kitchen is an integral part of your home that’s essential beyond its basic functionality.

There are a lot of factors to take into considerations when you’re thinking of remodeling your kitchen. More than just cosmetic modifications, kitchen’s appliances and basic tools functionalities should be considered as well. However, a thorough assessment of your kitchen needs to precede everything before laying out plans. Kitchen upgrade is one of the major improvements and these are some of the biggest reasons why kitchen upgrade is an integral consideration when the topic of home upgrade is brought up.

High return of investment

Kitchen upgrade is arguably the highest contributor in value increase when it comes to home upgrades, along with bathroom upgrade. Depending on several factors, your ROI on kitchen upgrade may pay back 180% recoup. Kitchen is a place that will come under scrutiny to both potential buyers and appraisals.

One of the most expensive areas to construct

Kitchen appliances, plumbing, sufficient air circulation, and everything else need thorough planning when building healthy kitchens. In terms of constructions, kitchen is one of the most expensive areas to construct. Homebuyers are aware of this and how much effort goes into building and maintaining the kitchens would reflect this.

People spend a lot of their time in the kitchen

Since ancient times, kitchen is an inseparable part of humans’ dwellings. Humans spent a lot of time in the kitchens when they’re at home, and this does not seem to change in modern humans. A lot of activities beyond cooking and eating happen in the kitchen, and it makes sense that kitchen would be one of the highlight of the house and it should be one of the most comfortable places people could spend their time in.

Kitchen is a social space

Family, friends, and basically most people who come over to your house would likely see your kitchen, or even spend time in your kitchen. Kitchens in addition to dining rooms have long been a space to welcome people. In guest houses and share houses, kitchen is usually a common room or a shared space. To fulfill its additional role as a social space, furnishing up kitchen becomes extremely essential.

Minimizing household costs

Upgrading to newer models might sound expensive, but it may cut you a considerable cost in the long run. Older models are known to consume more energy. Having energy-effective and promoting cost-saving feature is an excellent selling point of a house.

Bali Diving Prices And How To Plan A Dive Vacation

When it comes to vacation planning, finance is the main component. One of them is looking for a cheap vacation. Diving is a good idea. Enjoying the blue and sparkling waters of Bali is a spectacular experience. Bali has a number of fantastic dive sites and facilities. Whether you are a beginner or professional diver, you can watch the amazing underwater of Bali. Bali has become a meeting place for divers from all over the world.

bali diving prices

The high interest of diving people in Bali makes dive centers appear. Each offers a Bali diving package at various prices. Bali diving prices determine dive spots, length of dives and number of dives. Bali has never lost its fans. Each diving spot has its own advantages. Diving in Bali doesn’t make you bored.

Bali Diving Prices Special When The Facility Satisfy

Competition in the dive center is getting tighter. Bali diving prices are more affordable. When diving is an expensive sport, it is true. 10-15 years back, diving is an expensive hobby. That is the time when you have to find a dive spot, prepare your own diving equipment, look for your guides, and more.

Diving in Bali is not just a holiday. This is an unforgettable vacation. There are things that make Bali so unique and liked. Don’t be confused if you see many foreign tourists passing by in Bali like your own home. Bali has everything that tourists want.

How to find Bali diving prices that are right for you? Comparing Bali diving prices with one another is the right and best way. The difference in packages and prices offered by some dive centers may not be much different. Another factor that you must pay attention to in addition to prices is service. Many professional divers who don’t pay too much attention to the Bali diving center are offered.

As long as the dive center service is satisfactory, prices can be reconsidered. Most cheap dive centers do not provide maximum service. They do not pay attention to complaints, wishes and opinions of divers. What they do is teach, guide and earn money.

Price and service are the main ones. when you are offered a satisfaction with a high price compared to other places, then this makes you think 2x. When reviews and recommendations from many other divers can convince you, Bali diving prices are no longer the main one. The Bali diving prices offered from the dive center package is the right way to plan the start of your vacation.

Home Appraisal in Brief

Getting a home appraisal is something that some people would consider for a number of purpose.  Home appraisal is also known as property valuation. Real estate transactions often require the service of an appraiser to valuate their properties. This is due to the infrequency of real estate transactions. Each property is unique and putting a value and naming a price is often one of the most difficult process of selling real estates.

APPRAISAL CONCEPT

What is an appraisal?

Appraisal is property valuation. It is done to obtain an objective value—it could be lands or properties. Appraisals in theory is an independent opinion formed by a third party known as appraisers to develop an opinion of value. The value and the price of the house is often decided by the market. Appraisals include information in recent sales of the real estates in the area, the condition of the property, and it also takes into account information on sales of similar properties.

An appraisal is done through a complete visual inspection of your property. An appraiser typically spend twenty minutes to several hours in the property, depending on the size and complexity of the property.

Who does the appraisal?

Real estate appraisals are done by trained professionals. In Britain, they are more commonly known as valuation surveyors. In many countries, appraisers need to have license in order to be able to offer their service. An appraiser is often managed by an appraisal management companies. Real estate appraisal is something that is heavily regulated because of their important role in deciding the value and the price of a property. There are commonly three stages of being an appraiser; appraiser trainee, licensed appraiser, then certified appraiser.

What do they look for in home appraisal?

Appraisers looks for your house’s physical characteristics. These physical characteristics include square footage, number of bedrooms, number of bathrooms, lot size, and other factors. Views from within the house (if there is any) is also considered. Home appraisers don’t put value to the things that are not affixed to the property. Therefore things like furnitures and decorations are not part of the appraisal process.

Home appraisers also evaluate your property’s observable exterior and observable interior. Things such as cracked ceilings, cracked plasters, broken windows, faulty faucets and such affect your house’s perceived value. Make sure to check things like plumbing, and light fixtures for anything that might be faulty or broken. Your house needs to function as it’s supposed to, so do reparations where it’s due.

Why do people do home appraisal?

People do home appraisals for a number of reasons. A number of real estate people and even average homeowners alike enlist the help of home appraisers when they need a third party opinion or when they get multiple offers. Home appraisals are also done by people who’d like to lend money from financial institutes. Home appraisals are done to assure the lenders of the money the value of your house. It provides a more solid documentation on the value of your price that is supported by observable facts.

How To Get Cheap Property For Sale In Ubud Bali

Ubud is an icon of Bali. Ubud is also one of the world’s best cities. A combination of culture, traditional dance, culinary, panoramic views of green rice fields, up to the cool air. Don’t be surprised if the property in Bali has always been an attractive and smart investment. Construction of hotels, villas, and resorts in Ubud is increasing as demand for accommodation is high.

Property for sale in Ubud Bali is undoubtedly increasingly sought after by investors. Good property in the form of land, villas, resorts, or residences. In fact, many foreign and local residents are looking for property for sale in Ubud Bali, either for rent or sale. The benefits obtained will be very tempting. Accommodation is an important factor in Balinese tourism. Investors build accommodation with high comfort.

Property For Sale In Ubud Bali, For A Comfortable and Quiet Lifestyle

Super special and exceptional villa and resort services are one reason many tourists seek accommodation in Bali. When viewed from the business side, property for sale in Ubud is a gold field. For tourists, looking for property for sale in Ubud is like living in a dream country.

Although there are many enthusiasts to invest in Ubud, there is still your chance to look for property for sale in Ubud Bali. Property in Ubud always has fans. Vacationing in Ubud provides a sense of calm and comfort. Do not suprise if many tourists return to Bali, either for vacation or decide to stay.

Ubud has its own charm. Ubud is not only an icon of Bali but also a favorite area for musicians, writers, and painters. You can find The Blanco Renaissance Museum, Le Mayeur Museum, and more. To get a property for sale in Ubud, you need accuracy. In fact, property increases and decreases prices. But for popular areas in Ubud, it’s hard to find property for sale at low prices.

“Sell Need” is a term that is widely used when someone needs money quickly. They sell the property at prices below the market. As said, you must carefully look for property for sale in Ubud. Most “sell need” property information only revolves around the local population. You need an intermediary to find cheap property for sale in Ubud below the market price. What makes you happy? Getting property for sale in Ubud Bali and staying comfortably is happiness that cannot be replaced by anything.

What You Need to Know About Real Estate Crowdfunding

Investing your money in real estate can be a great way to gain long-term source of income. Most investors choose to private real estate. However, real estate crowdfunding now has become a new path chosen by investors. Before going far to the benefits of this kind of investment, it is better to build knowledge and understanding about this first. Real estate business is not something to be taken lightly because it involves much money, energy and time to start with. Thus, finding important points in this crowdfunding for real estate is the right step before you further to the next stages.

What You Need to Know About Real Estate Crowdfunding

 

All about real estate crowdfunding

Before going to dig in about the role of crowdfunding in real estate investment, it is better to understand first about crowdfunding. Shortly, crowdfunding is a new and exciting way to raise capital that lots of investors now has taken interest to. These days, many business owners use this method as the way to raise their money. However, instead of asking one investor for huge investment, they reach out to large pool of investors who contribute in small amount of money. You may look this method as usual way in raising money from the crowd. However, crowdfunding has its difference from traditional method because crowdfunding use online platform for the process of gathering the investment. The benefit of this method of investing for investors is the available option of choosing investment route. Basically, there are two options which are equity investment and debt investing.

First Option

The first option is what most real estate crowdfunding investors choose due to its higher return compare to what the second option provides. Using equity investment route means you are effectively becoming shareholder. The benefits are lower fees where you can pay an annual fee. There is also tax benefit you can gain by choosing this option in which you can deduct expenses from annual tax. In addition, being a shareholder means you gain another benefit which is unlimited returns. However, there is also contradiction of this option, which is a longer hold period. It can last for 5 to 10 years.

Second Option

The second option is debt investing. In this method, you are practically a lender to the property owner. You will only receive fixed return based on interest rate of the owner’s mortgage loan. You can only gain the return based on the amount of money you have invested in. In short, your return is limited unlike what equity investment can provide. There are also benefits from choosing this option though such as steady return. You will receive steady income since your investment is structured. The risk is also lower when you invest this way since you are not the one who secure the mortgage loan but the property owner. Hold time for this investment is also shorter compared to equity investment. It generally last from 6 to 24 months. Before investing your money for real estate crowdfunding, make sure you choose trusted platform. It is safe to choose reliable and common crowdfunding platform to avoid shaddy business.  

 

A Girls’ Guide for Fun and Safe Trip to Komodo

Real life dragons and Jurassic-like landscape is enough reason for a week full of trip to Komodo island, Indonesia. With it’s jagged landscape rising steeply from the deep turquoise ocean, Komodo National Park successfully lure innocent travelers into its wilderness magic. But what’s is this raw terrain for solo female traveler? Can you safely explore the lair of Komodo alone and come back in one piece?

A Girls’ Guide for Fun and Safe Trip to Komodo
Pictures by Hello Flores

What Girls Need to Do for A Safe Trip to Komodo

A trip to Komodo and venturing to the wilderness seems like a dangerous dream for many female travelers. In a quite isolated location, this frontier indeed looks quite intimidating—even to the seasoned one. Worry not, we got you covered.

Book A Safe and Decent Tour

The first thing you need to do when you are planning a trip to Komodo is ensuring the safety of your journey. There are a lot of sketchy tour providers out there and you need to be really selective. Find a comfortable tour boat with flexible itinerary to soften the rough trip to Komodo. Have a small talk with the owner and make sure they really give you what they are selling. 

No Trip on Bloody Days

Absolutely match your Komodo trip to your period calendars. It’s a small thing that proven to be very essential for any women who travel to Komodo Island. Calculate your days or don’t visit the dragons at all. These scaly beasts are extremely talented for picking up their food. They love to use their long, forked tongue to feel scents of particles in the air from up to 8 km away. And they definitely love the smell of blood. So girls, don’t risk your blood-infused ahem, panties, for a deadly encounter with the dragons. Or if you happen to get your period on the journey, approach your guide and launch the awkward talk. They will give extra caution to you from the dragons.

Always Use Sun Protection: Sunscreen & Covers

I gotta remind you that Flores is a very hot, hot island. This eastern part of Indonesia grows mainly dry savannah on its land, providing minimum to zero shadow under the scorching sun. Always remember to pack your sun protection and wear extra layers of covers wherever you go. You don’t want to come back from the beautiful journey with heavy sunburn.

If Possible, Book Ensuite Cabin

Flores is generally embrace any kind of travelers into its warm welcome. Though it’s generally safe for woman to travel around, we advise you to take extra precaution on board. Especially when you are travelling alone. If possible, book an ensuite cabin in your liveaboard for extra safety and privacy. You can change clothes, take a bath, and sleep in a much more secure setting. Unless you are willing to share a room with random guys in your 5D4N trip to Komodo. 

Where in Flores, Wear Modest Outfits

You might be free to wear the skimpiest bikinis in the liveaboard or the empty beaches. You need, however, change back into modesty when you reach the main island. Just like any other part of Indonesia, Flores is still very religious. The port town, Labuan Bajo, is home to the largest moslem community in the island, while the rest of others are devout Catholics. Whenever you venture on the city, avoid the skin-showing outfits and adapt to more conservative clothing. It’s especially important if you are planning to visit religious sites or cultural village with ancient tradition, such as Bena or Wae Rebo village.

How to Choose the Right Real estate Crowdfunding Platform

These days, real estate crowdfunding has become more popular. This is a great method of investing because investors have more chance to invest as what they can afford. They do not need huge investment from one investor but gather small amount of investment from the crowd. Since this method is online-based, you need to know how to choose the right real estate crowdfunding platform. The popularity of this method of investing keeps growing. As the result, there are lots of crowdfunding platforms. It makes investors harder to choose the right platform. Choosing the wrong one can risk your investment to waste.

 

Selecting real estate crowdfunding platform

As mentioned that there are dozens of crowdfunding platforms. Each platform has different approach of investment method. Thus, you need to choose the one tat suit your interest and needs. Researching crowdfunding platform based on its prospective tech. It can help to decide which platform that fits you the best. Here are further tips on selecting the right crowdfunding platform:

  • Find out if the platform function as listing service only or not. It is better to avoid platform that function only as listing service, instead, choose the site that acts as broker dealer. This is more trusted and promising for your real estate investment future. It is also recommended that you choose the site which has gained experiences in handling this type of investment.
  • Investing money means you will be involved in the business for certain period of time. This is also what factor you need to consider when choosing the right real estate crowdfunding platform. Find out how long the platform you are going to choose will be around. A platform with solid venture capital banking is recommended to select instead of the unsteady one. By choosing solid platform, you will be more secured with your investment especially when you take equity investment where it usually takes 5 to 10 years.
  • Find out what kind of approach they use in the crowdfunding investment. As mentioned above that each platform may have different approach in this matter. This cannot be taken lightly. Instead, you need to do thorough research. If their approach and method fits your needs then you will be more certain and safer to invest your money.
  • Each crowdfunding platform also conducts its own due diligence. This relates to documentation. This is important to consider because it is about important deals. Find out how the platform collects the documentation from investors for potential deals. For example, find out if they ask for companies to provide liabilities or indemnities. This is very important for investor or reassurance.
  • The quality of customer service provided by the platform also needs to be included into consideration when you select for the right real estate crowdfunding platform. Somewhere along the time of your investing, you will have many questions to ask. If the person on the other line is not comfortable to talk with, it is better to search for another platform which can provide quality customer service.

Reasons Why Bean Bag Is A Perfect Furniture

Bean bag chairs are increasingly popular and loved by many people. In fact, bean bags are better than traditional furniture. When looking for furniture, most people look for what can brighten the atmosphere of the living room, family room or children’s room. Don’t ignore what is in front of you. The good furniture design is adjusted to the condition of the house.

Bean Bag

A bean bag is very comfortable and suitable for relaxing which is interesting for everyone regardless of age. Finding furniture is not as easy as you think. But bean bag is modern furniture that is comfortable and casual style. Bean bag is for years of use so it will save costs.

We can bet that not many know about bean bags. But when looking for comfortable, durable and affordable furniture on the internet, the recommendation is a beanbag. The range of designs and types of comfortable furniture offered varies. You can see beanbag pools or indoor and outdoor furniture.

For most people who are looking for the best furniture, the beanbag is the right choice. There are many reasons why modern and innovative furniture is perfect furniture.

Inexpensive And Affordable Bean Bag

When compared to other modern and luxurious furniture, beanbag offers you something more special. Buying furniture should adjust to many things. The main thing is the budget. Make sure you buy furniture in accordance with the budget. Visiting shops or outlets can make you buy anything to beautify your home.

Bean bag is cheap, affordable but luxurious furniture. No need to spend a lot of money to get luxury furniture. Because of the luxury, comfort, and low prices you can get from beanbag chairs.

Bean Bag Chairs Size

They come in various sizes, ranging from small sizes, medium to large sizes. Comfort does not only belong to adults. Children also need comfort. Sitting silently playing games or seeing favorite shows for hours makes them tired. Traditional chairs are not ergonomically designed. Bean bag has been designed and manufactured according to ergonomic calculations that are good for health.

Trendy And Durable

Finding a chair must be adjusted to the house design. In fact, the bean bag is suitable for whatever your home design is. 1 bean bag design can be used and adjusted under any conditions. Whether you are going to party in the pool, camping or fishing area, they are finest furniture. If you realize it, stop by and find to get the best furniture.